Remodeled
For Sale
$799,900
307 S Crespi Avenue, Exeter, CA 93221
Multi-Family, Exeter, CA
Property Size4,600 SF
Lot Size0.29 Acres
Price / SF$173.89
Days on Market41
Property Features for 307 S Crespi Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM 1.5
Parking features
Carport
Directions
From Rocky Hill Drive and Kaweah Ave, head south on Kaweah, East on Chestnut, South on Crespi. Property is on the Left
Subdivision
Exeter
Standard status
Active
APN
136084011000
Size
4,600 SF
Lot size
0.29 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Amenities
indoor laundry
storage unit
Building Details
Floors in Building
1
Roof type
Composition
Listing Agency:
Gutierrez Appraisals and Realty
(559) 747-3514
Listed By:
Otoniel Gutierrez
(559) 679-7267
Added: Sep 4
Changed: Sep 8
Last Checked: Oct 14 at 11:06PM
MLS# 234933
Copyright © 2026 Kings County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex comprises two duplex buildings situated on one lot, with 4,600 square feet across four residential units. Each unit includes two bedrooms, one bathroom, indoor laundry, a storage unit, and designated covered parking. The property is served by central heating, public water, and public sewer, with a composition roof.
Interior and exterior renovations were completed in 2018. Improvements included kitchen cabinets, countertops, appliances, bathroom vanities, shower inserts, and updated flooring, along with a new roof and HVAC systems. The front residences are addressed at 307 and 305 S Crespi Avenue, while the rear residences are at 306 and 308 S First Street in Exeter. RM 1.5 zoning applies, and the property is within walking distance of Exeter High School and Lincoln Elementary.
Interior and exterior renovations were completed in 2018. Improvements included kitchen cabinets, countertops, appliances, bathroom vanities, shower inserts, and updated flooring, along with a new roof and HVAC systems. The front residences are addressed at 307 and 305 S Crespi Avenue, while the rear residences are at 306 and 308 S First Street in Exeter. RM 1.5 zoning applies, and the property is within walking distance of Exeter High School and Lincoln Elementary.
Key Highlights
- Four‑unit quadplex arranged as two duplexes on one lot
- 4,600 square feet on a 0.2877‑acre lot
- All units offer 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,565
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,300
$831.3K
Cap Rate 7%
$593,786
$593.8K
Cap Rate 9%
$461,833
$461.8K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$63.5K $13.80/SF
− Vacancy
−$4.1K −$0.89/SF
EGI
$59.4K $12.91/SF
− OpEx
−$17.8K −$3.87/SF
NOI
$41.6K $9.04/SF
Area
Tulare County, CA
Vacancy
6.46%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,300
Cap Rate 7%
$593,786
Cap Rate 9%
$461,833
Alternative Uses
Best Use
Multifamily LT 5
$593.8K
$519.6K – $692.8K
NOI $41,565 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$545.7K
$477.5K – $636.7K
NOI $38,199 @ 7.0% cap · market cap 4.78%
Theoretical Best
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,808 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 93221, CA
15,024
Population
5,046
Households
3
Avg Household Size
37
Median Age
19%
College-Educated
85%
High-School Grad
132.1 sq mi
ZIP Area
114
Density / Sq Mi
$84,121
Median Household Income
$39,138
Median Earnings
$1,267
Median Rent
$324,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer two-bedroom layouts with indoor laundry, storage, and designated covered parking.
Where is this quadplex located?
The property is located at 307 S Crespi Avenue Exeter, CA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four‑unit quadplex arranged as two duplexes on one lot; 4,600 square feet on a 0.2877‑acre lot; All units offer 2 bedrooms and 1 bathroom
